Refer to the following table to answer the next two question…
Refer to the following table to answer the next two questions.2021 Federal Income Tax BracketsTaxable IncomeTax Rate$0–$9,95010%$9,951–$40,52512%$40,526–$86,37522%$83,376–$164,92524%$164,926–$209,42532%$209,426–$523,60035%Over $523,60037%Using the table, what is the effective tax rate for someone who makes $120,000 per year?